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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Lease Revenue $ 109,657 $ 105,369 $ 326,681 $ 312,524
Other Revenue 6,537 1,221 9,058 2,702
Total Revenues 116,194 106,590 335,739 315,226
Expenses:        
Property Expenses 30,355 28,396 87,487 85,943
General and Administrative Expense 7,485 6,945 24,970 20,529
Depreciation and Other Amortization 34,369 30,149 97,532 89,978
Total Expenses 72,209 65,490 209,989 196,450
Other Income (Expense):        
Gain on Sale of Real Estate 6,525 52,489 29,594 53,378
Interest Expense (12,775) (12,466) (37,864) (37,565)
Amortization of Debt Issuance Costs (905) (805) (2,477) (2,430)
Total Other Income (Expense) (7,155) 39,218 (10,747) 13,383
Income from Operations Before Equity in (Loss) Income of Joint Ventures and Income Tax Benefit (Provision) 36,830 80,318 115,003 132,159
Equity in (Loss) Income of Joint Ventures (162) (72) (236) 16,288
Income Tax Benefit (Provision) 39 (244) (105) (3,392)
Net Income 36,707 80,002 114,662 145,055
Less: Net Income Attributable to the Noncontrolling Interests (748) (1,691) (2,400) (3,141)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 35,959 $ 78,311 $ 112,262 $ 141,914
Basic and Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders $ 0.28 $ 0.62 $ 0.88 $ 1.12
Weighted Average Shares/Units Outstanding - Basic 127,903 126,480 127,306 126,295
Weighted Average Shares/Units Outstanding - Diluted 128,101 126,783 127,495 126,578
First Industrial, L.P.        
Revenues:        
Lease Revenue $ 109,657 $ 105,369 $ 326,681 $ 312,524
Other Revenue 6,537 1,221 9,058 2,702
Total Revenues 116,194 106,590 335,739 315,226
Expenses:        
Property Expenses 30,355 28,396 87,487 85,943
General and Administrative Expense 7,485 6,945 24,970 20,529
Depreciation and Other Amortization 34,369 30,149 97,532 89,978
Total Expenses 72,209 65,490 209,989 196,450
Other Income (Expense):        
Gain on Sale of Real Estate 6,525 52,489 29,594 53,378
Interest Expense (12,775) (12,466) (37,864) (37,565)
Amortization of Debt Issuance Costs (905) (805) (2,477) (2,430)
Total Other Income (Expense) (7,155) 39,218 (10,747) 13,383
Income from Operations Before Equity in (Loss) Income of Joint Ventures and Income Tax Benefit (Provision) 36,830 80,318 115,003 132,159
Equity in (Loss) Income of Joint Ventures (162) (72) (236) 16,288
Income Tax Benefit (Provision) 39 (244) (105) (3,392)
Net Income 36,707 80,002 114,662 145,055
Less: Net Income Attributable to the Noncontrolling Interests (68) (33) (212) (83)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 36,639 $ 79,969 $ 114,450 $ 144,972
Basic and Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders $ 0.28 $ 0.62 $ 0.88 $ 1.12
Weighted Average Shares/Units Outstanding - Basic 129,914 128,837 129,357 128,829
Weighted Average Shares/Units Outstanding - Diluted 130,294 129,256 129,720 129,219